Monday, January 31, 2005

Overnight real estate rates sink

The 30-year fixed-rate average dipped to 5.2 percent, and the 15-year fixed-rate slipped to 4.73 percent. The 1-year adjustable was down slightly at 3.67 percent.

The 30-year Treasury bond yield decreased to 4.61 percent.

Rates are current as of 7:15 p.m. Eastern Standard Time.

Mortgage rate figures are according to Bankrate.com, which publishes nightly averages based on its survey of 4,000 banks in 50 states. Points on these mortgages range from zero to 3.5.
In other economic news, the Dow Jones Industrial Average was down 40.2 points, or 0.38 percent, finishing at 10,427.2. The Nasdaq was down 11.32 points, or 0.55 percent, closing at 2,035.83.

Stock and bond figures are current as of 7:30 p.m. Eastern Standard Time.

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